The Salt Shaker is an ongoing post theme that will highlight some of the interesting articles related to personal finance, business, or economics that I come across. Until now I have published the Salt Shaker (formerly called Weekend Reading) on a bi-weekly basis, but from today onward I will be publishing it weekly. It will be the first post of each week. So without further delay, here are some goodies in no particular order:
- Andrew Hallam reports from Shanghai that the best way to invest in the Chinese market is to buy quality name brands like BMW, Rolex, Starbucks and McDonald’s, because that’s what the wealthy there buy.
- In this older post from a year ago, Canadian Finance Blog goes over the basics of the Smith Manoeuver. This tax saving/wealth building strategy is something that interests me, but it is not recommended for everyone. You need to have a good understanding of the risks involved.
- Balance Junkie asks if you have adapted to life in the “post consumerism era,” and gives some pointers on how to do so if you haven’t already. As a side note, I don’t see it here in Japan… the malls and department stores are as packed as ever, and everyone is carrying several bags of purchases.
- Canadian Capitalist outlines what he would like to see happen in the world of Canadian ETFs. My favourite of his suggestions? Being able to access a World Ex-Canada ETF.
- Canadian Personal Finance Blog points out that making use of a select group of point cards can be a good thing. Agreed. Getting a point card for every store you shop at can be a hassle, but being dedicated to a couple of places can add up quickly.
- Canadian Couch Potato has a two-part series on dollar cost averaging with ETFs. As I only put a few hundred to work each month in Canada, I’ll be sticking with mutual funds for now, but it’s something to consider for the future.
- Invest It Wisely is turning 6 months this month, and Kevin is giving away a lot of prizes to celebrate. Things to be won include several books and some gift cards.
- Frugal Zeitgeist asks how long Social Security will last. Great question. All the more reason to make sure our RRSPs, and TFSAs are ready to help us in retirement.
- I find it interesting that some people can isolate for one appliance to figure out how much it is costing them. Michael James on Money does this with his hot-tub.
- Larry MacDonald highlights one investor’s early retirement, and how she lives off her dividend income. This is where many of us would like to be in 25 or 30 years.
- Money Smarts Blog looks at how to determine the value a renovation gives to your home. There are some interesting percentages to think about, but as he points out, it’s all within reason.
- Investing Thesis says you should be mindful of inflation, and includes an interview with a North American Strategist.
- The Canadian Personal Finance & Investing Carnival, hosted by Investing Thesis, featured my article on the carry trade.
- The Canadian Finance Carnival, hosted by Canadian Finance Blog, featured my article asking if 60% of Canadians are really living paycheck to paycheck.
As for In Search of Salt, I just got back from a fascinating interview with a Canadian Trade Commissioner to Japan. I expect to have an article based on that interview on the site within the next week to ten days. Check back or subscribe to the blog to read that.
Hope everyone has a great week.